The US dollar erased some of its early Asian session's losses against the major currencies of Europe in late trading on Tuesday.
The greenback is presently quoted at 1.31 against the euro and 0.9175 against the Swiss franc, up from previous lows of 1.3145 and 0.9149, respectively.
The dollar that slipped to a weekly low of 1.5933 against the pound in early Tuesday Asian deals bounced back to as high as 1.5887 around 2:50 am ET.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.